The average salary for a Credit Manager in Bangalore, Karnataka is Rs 578,258 per year. The highest paying skills associated with this job are Risk Management / Risk Control and Financial Analysis. Most people with this job move on to other positions after 20 years in this career.

Rs 297,748 - Rs 1,129,512
Rs 300K
Rs 530K
Rs 1M
MEDIAN: Rs 534,990
10%
50%
90%
Rs 0Rs 1M
Salary Rs 297,748 - Rs 1,129,512
Bonus Rs 17,500 - Rs 208,353
Profit Sharing Rs 0.00
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
Rs 306,063 - Rs 1,315,556
  • Country: India
  • Currency: INR
  • Updated: 17 Jan 2018
  • Individuals Reporting: 71

Job Description for Credit Manager

A credit manager primarily focuses on collecting money owed to their company, whether it be for some type of service or a particular product. When someone fails to pay the money that is owed, these professionals initiate legal action and potentially take part in the collection process. Further, a credit manager also plays a major role in negotiating payment options, which could include re-structuring payment plans to make them more manageable based on a party's financial capabilities. The credit manager is also responsible for tracking certain accounts and keeping a close eye on those that have gone unpaid for an extended period of time. A credit manager may have different duties depending on the size of the company in which they are employed.

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Credit Manager Tasks

  • Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money.
  • Prepare reports with this credit information for use in decision-making.

Credit Manager Job Listings

Key Stats for Credit Manager

Gender

Female
17 %
Male
83 %
Less than 1 year
4%
1-4 years
48%
5-9 years
28%
10-19 years
14%
20 years or more
6%

Experience Affects Credit Manager Salaries

Experienced
▲63%

Mid-Career
▲53%

National Average
Rs 588,000

▼2%

Skills That Affect Credit Manager Salaries

Risk Management / Risk Control
▲39%

Financial Analysis
▲22%

Loan Underwriting
▲14%

Credit Control
▼0%

National Average
Rs 588,000

Gender

Female
17 %
Male
83 %

Years of Experience

Less than 1 year
4%
1-4 years
48%
5-9 years
28%
10-19 years
14%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 5%
vision benefits
Vision: 3%
no benefits
None: 18%